According to the latest data, Sony sold just 72K PS Vita units
in the second week.

For comparison, when Nintendo launched its latest
handheld, the sales of the 3DS declined from 370K to
210K. That drop-off forced Nintendo to implement an
early price cut. This cut combined with the launches of
big franchises like Monster Hunter, Super Mario Land
and Mario Kart turned the fortunes of the 3DS around in
Japan. The 3DS has now sold more than 4 Million units
in Japan and in the past week it crushed Sony?s more
advanced PS Vita by 484K vs. 72K in unit sales.

As a result, it is expected Sony to cut the price of
the PS Vita from 24,000 yen to below 20,000 yen soon.
PS Vita is coming to the U.S. in February. The company
has decided to price Vita at $250, while games are
priced at $50~40.